First National Bank - Marshall, TX

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: national
Bank ID: 3113
Charter Number: 3113
Start Date: March 24, 1928
Location: Marshall, Texas (32.545, -94.367)

Metadata

Model: gpt-5-mini
Short Digest: be83a8e1

Response Measures

Full suspension, Books examined

Other: Bank closed its doors by directors to avert run after president's suicide; not closed by government

Description

Article (published 1928-03-24) reports examiners' appearance and the bank president's suicide, which alarmed depositors and led to a run that was averted only by closing the doors. The bank suspended operations; the article does not state whether it later reopened.

Events (3)

1. January 21, 1884 Chartered

Source: historical_nic

2. March 24, 1928 Run

Cause: Bank Specific Adverse Info
Cause Details: President Frank B. Denman's suicide and the presence/inspection by national bank examiners alarmed depositors and triggered heavy withdrawals.
Measures: Directors closed the doors to prevent withdrawals (bank temporarily closed).
Newspaper Excerpt: As news spread of the banker's suicide depositors became alarmed and run on the bank was averted only by closing the doors.
Source: newspapers

3. March 24, 1928 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed its doors after depositor alarm caused by the president's suicide and examiners' presence.
Newspaper Excerpt: Appearance of national bank examiners here and the closing of the First National Bank led to the ... suicide of Frank B. Denman...run on the bank was averted only by closing the doors.
Source: newspapers

Newspaper Articles (1)

1. March 24, 1928 The Marshall News Messenger Marshall, TX

Article from The Marshall News Messenger, March 24, 1928

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Article Text

BANKER TAKES LIFE; CAUSES RUN ON BANK Appearance of national bank aminers here and the closing of the First National Bank led to the cide of Frank B. Denman, 60-year old bank president. Directors and officials of the bank could assign no other reason for Denman's act. He spent terday with the examiners while the books were being checked. This morning he arose and went to the bathroom of his home. He found there few minutes by his son. Denman had Tired bullet through his heart. As news spread of the banker's suicide depositors became alarmed and run on the bank was avert ed only by closing the doors. Directors asserted to the best of their knowledge the bank was sound fi. nancially. Examiners said cursory examination revealed several regularities. The bank was one of the county' was established more than 40 years ago. Denman had been president for 15 years.